Snowball
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Protocol TVL
About Snowball
Snowball Network is a multi protocol; first as an optimized yield farm of Pangolin Dex, additionally as Stable Coin Vault and Dex for near zero fee/zero slippage stable coin swaps.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Snowball tokenomics and on-chain capital
Snowball's governance or utility token carries a market capitalisation of $8.5K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($8.5K) is small relative to deposits secured by the protocol ($337.5K); a mcap/TVL multiple of 0.03× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further $2.7K sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
Protocol Profile
Snowball operates in the Yield category of DeFi. It is deployed on Avalanche. The codebase has been independently audited.
TVL Distribution by Chain
TVL spans 3 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Snowball is a single-chain protocol, deployed exclusively on Avalanche — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Avalanche, Avalanche-staking, staking), so a fault on any one of them would affect a large slice of users. Its token market cap ($8.5K) is small relative to TVL ($337.5K) — a mcap/TVL ratio of 0.03 is often read as the token being structurally undervalued versus the activity it secures.
Official Resources & Links
Verified external resources for Snowball — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Yield protocols on Mantapex
Snowball is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure $5.2B in deposits, giving you a frame of reference for whether Snowball's own TVL is at the top, middle, or tail of the category.
Recent Snowball news
Latest reporting from major crypto news outlets covering Snowball.
- Bitcoinist
Avalanche (AVAX) Snowballs 30% In A Week: Analyst Predicts Bullish Continuation
Avalanche (AVAX) is currently trading at $26.42, following an impressive 30% surge from the $20 mark to $27. Related Reading: Avalanche (AVAX) Is Preparing For A Rally: Market…
- Cointelegraph
US Solana ETFs have ‘snowball's chance in hell' of approval, says analyst
Solana ETF approvals are extremely unlikely this year, though VanEck's head of digital assets, continues to believe in them.
- Cointelegraph
Bitcoin ETFs inflows snowball: Last 4 days bigger than first 4 weeks
Bitcoin ETFs have attracted over $2.2 billion in new inflows over the last four days alone.
- Cryptopolitan
How Trump's win in November can snowball BTC to $1m
PlanB, the analyst behind the popular Bitcoin Stock-to-Flow (S2F) model, recently shared a speculative scenario on X, outlining a bold projection for Bitcoin's future. The…
- Forbes
Huge $1.5 Trillion ETF ‘Snowball Effect' Prediction Triggers Sudden Bitcoin Price Surge—Boosting Ethereum, XRP And Solana
Bitcoin BTC has bounced back from a flash crash, helping the price of smaller coins ethereum, XRP XRP and solana recover as hype over a bitcoin spot exchange-traded fund (ETF)…
- Zycrypto
Another Solana ETF Approved By Brazilian Regulators Amid “Snowball's Chance In Hell Of Approval” In U.S.
Brazil's Securities and Exchange Commission (CVM) approved a second Solana (SOL) exchange-traded fund (ETF) this week, marking the second such action this month. While the…
- Crypto Economy
Expert Says That a Solana ETF Has ‘A Snowball's Chance in Hell of Approval Unless There's Change in Leadership'
TL;DR Regulatory Hurdles: Experts doubt the approval of a Solana ETF in the U.S. due to stringent SEC regulations and concerns over market manipulation. Political Influence:…
- Benzinga
Solana ETF Approval In 2024 Has Only A 6% Chance: 'A Snowball's Chance In Hell,' ETF Analyst Says
The prospects for a Solana (CRYPTO: SOL) based exchange-traded fund (ETF) gaining approval in 2024 appear increasingly slim, according to Eric Balchunas, Senior ETF Analyst for…
Related protocols
Other DeFi protocols connected to Snowball by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Yield protocols
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Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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